FxWirePro: Buy USD/JPY around 121.20 with SL around 120.70 for the TP of 122.30
Sep 10, 2015 10:11 am UTC| Technicals
USD/JPY has broken major resistance 121.20 and this confirms short term bullishness, a jump till 122.30 cannot be ruled out. Intraday weakness only below 120.70. The minor resistance is around 121.70. It is...

FxWirePro: Higher IV increases chances of EUR/AUD vega put ratio spreads
Sep 10, 2015 09:59 am UTC| Technicals
EURAUD looks like this currency cross has set up a new stage for its bull run as the strong bull candles with all leading oscillators are positively converging and lagging indicator to justify this in medium term but it is...

Gold breaks major support $1115, decline till $1070 is possible
Sep 10, 2015 09:51 am UTC| Technicals
Gold has broken major support $1115 and declined till $1101. It is currently trading at $1107. Overall trend is still bullish as long as support $1120 holds. On the downside major support is around $1100 and break...

FxWirepro: Loonie faces strong support around 1.3150, good to buy at dips
Sep 10, 2015 08:50 am UTC| Technicals
USD/CAD has declined till 1.3177 and started to recover from that level. Loonie is facing strong support around 1.3175 (trend line joining 1.3115 and 1.3135) and further weakness can be seen only below that...

FxWirePro: BTC/USD faces strong resistance around $250, good to sell on rallies
Sep 10, 2015 08:19 am UTC| Technicals
BTC/USD has retreated after making a high of $246 and is currently trading at $236. Short term trend is weak as long as resistance $250 holds. The major resistance is around $250 and break above will take the pair to next...
FxWirePro: GBP/USD rangebound ahead of BoE, no fireworks expected
Sep 10, 2015 08:00 am UTC| Technicals
GBP/USD broadly rangebound on the day as markets await BoE policy decision and the accompanying minutes The pair weakened in the European session, breached 200-DMA located at 1.5352 and fell as low as 1.5338, later edged...

FxWirePro: EUR/USD faces strong resistance around 1.1250, good to sell on rallies
Sep 10, 2015 06:58 am UTC| Technicals
EUR/USD is trading in narrow range around 1.1245 and 1.11526 for the past two trading session . Overall trend is still weak as long as resistance 1.1250 holds. Any break above 1.1250 will take the pair to next target...